A few years ago on this site I reached out to various bloggers and financial experts to ask what’s in their portfolio. I pursued this because I was curious about their financial goals, investments strategies, and how their approach might differ from my own. Here are the friends and bloggers I contacted:
- Author, blogger, economist – Larry MacDonald portfolio
- Blogger – The Passive Income Earner portfolio
- Blogger – Big Cajun Man portfolio
- Blogger – The Dividend Guy portfolio
- Blogger, financial planner – Robb Engen portfolio
- Blogger, author – Kyle Prevost portfolio
- Blogger, entrepreneur – Richard Garand portfolio
Recently, Richard Garand updated his portfolio with My Own Advisor readers here. Today’s post will take a look into Kyle Prevost’s portfolio to see what’s new or different, and just as importantly why things are different.
Thanks for doing this Kyle. Can you provide me with an update on your investing goals – in one or two sentences?
My savings rate has increased slightly as I pay off some of those annoying early-adult life expenses and my salary increases. My investing strategy and overall goal of early retirement and capital growth hasn’t changed much if at all.
On that note then, can you share your elevator speech on your current investment strategy to realize your goals?
Save as much as you can while still enjoying life, throw the money in a broadly diversified group of investments, then don’t do anything to screw it up by complicating the simplicity.
Simple is good Kyle. Can you list some of your current investments for readers? Why do you own them?
VXUS (Vanguard Total International Stock ETF)
VTI (Vanguard Total Stock Market ETF)
VCN (FTSE Canada All Cap Index ETF)
I own these investments because they are the cheapest way to get exposure to the world’s companies. I don’t know which companies will continue to grow and which will battle headwinds, but I’m pretty sure as a whole, this group of thousands of the world’s largest companies will continue to make money and become more valuable.
What’s changed with your approach or investments over the last couple of years? Why? Why not?
Nothing – because unless you’re a hedge fund manager with access to insider information and super computers then my investment approach is the best one.
Any big financial concerns right now? Why? Why not?
No major financial concerns for me. I guess I’m just a pretty simple guy that doesn’t have much risk in his life. I enjoy living on Canada’s rural prairies where houses can cost as much city parking spots, I have a pretty secure job (teaching), and because I have a strong conviction in my long-term investing strategy I don’t sweat the ups and downs of the market much. To be brutally honest, I don’t even know if the TSX 60 or the S&P 500 is up or down on the year!
What takeaway message do you have for other investors?
Keep it simple – whether that means index investing, disciplined dividend investing or using a robo-advisor. Concentrate on making money and saving money – and let the investing take care itself (with the odd rebalancing act a few times a year of course).
Investing doesn’t have to be complicated; in fact, Kyle demonstrates there is beauty (including financial success) with simplicity. You can follow Kyle (and his partner, Justin Bouchard) on not just one but two personal finance and investing sites:
My University Money You can also obtain a copy of their book More Money for Beer and Textbooks from this site.
Disclaimer: The contents of this post are not recommendations for any individual investor but have been shared to educate readers and provide insight into how other investors are managing their portfolios. My Own Advisor is not a financial professional. Every reader is encouraged to seek help from a financial professional before making any important investment decisions.